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Sales to Listings Ratio - Burnaby Highgate

Blog by Ryan Windsor PREC | June 5th, 2013

The sales to listings ratio for the Highgate area on June 4th, 2013 was 22%. This represents a buyers market.

  • For detached homes in the Highgate area the sales to listings was 24% - a buyers market.
  • For attached homes in Highgate the ratio was was 25% - slightly stronger but still a buyers market.
  • Condos in Highgate had the lowest sales to listings ratio in Highgate with 21% - a buyers market.
A sales to active listings ratio measures the balance between supply and demand. A ratio of less than 7 sales for every 20 listings represents a buyers market (less than 35%) while a ratio of 3 sales for 5 listings represents a seller's market (greater than 60%). In between 35%-60% it is said to be a balanced market.